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Wallenberg to chair Saab board

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12:21 CET+01:00
Marcus Wallenberg has been proposed as the new chairman of Swedish defence industry giant Saab. He will succeed Anders Scharp, who refused to stand for re-election after having been chairman since 1990.

Wallenberg has been a board member at Saab since 1992 and vice-Chairman since 1993.

At the same time, Lennart Johansson, who has been part of the management of investment firm Investor since January, has been proposed as a new Saab board member.

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